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The government fixed the value of the Canadian dollar against the pound sterling ($4.43 buying and $4.47 selling) and also against the US dollar ($1.10 (US$0.9091) buying and $1.11 (US$0.9009) selling). The government also imposed strict currency controls on exchanges with foreign currencies, particularly the United States dollar.
The list of Canadian provinces by unemployment rate are statistics that directly refer to the nation's seasonally adjusted unemployment rate. Below is a comparison of the seasonally adjusted unemployment rates by province/territory, sortable by name or unemployment rate. Data provided by Statistics Canada's Labour Force Survey.
The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. Northwest Territories: GST: 0: 5 Nova Scotia: HST: 10: 15: Rates were meant to be reduced to 14 and 13% on July 1, 2014 and July 1, 2015 respectively. However, the government has stated that the province cannot afford reductions. Nunavut: GST: 0: 5 Ontario: HST ...
Demographics of Ontario. Ontario, one of the 13 provinces and territories of Canada, is located in east-central Canada. It is Canada's most populous province by a large margin, accounting for nearly 40 percent of all Canadians, and is the second-largest province in total area. Ontario is fourth-largest in total area when the territories of the ...
A province that does not receive equalization payments is often referred to as a "have province", while one that does is called a "have-not province". [4] In 2023–24, all provinces and territories will receive $94.6 billion in major federal transfers, including $23.96 billion in equalization payments in 6 provinces.
The Ontario Deposit Return Program (ODRP), also simply known as Bag it Back, is a regulation of the province of Ontario, Canada.Its purpose is to divert recyclable materials from landfill or low-quality recycling uses by charging a fee for each alcoholic beverage container sold in the province, and processing the material for re-use or other recycling activities once the containers are ...
Each April 1 (resumed in 2024), based on Canada CPI for the previous calendar year. [15] There were additional increases of $0.50 on October 1, 2020, $0.25 on April 1, 2021, $0.25 on October 1, 2021, [16] $0.50 on October 1, 2022 and $0.50 on October 1, 2023. On April 1, 2023, the minimum wage was increased by $0.80 in lieu of indexation.
Discounting. In finance, discounting is a mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee. [1] Essentially, the party that owes money in the present purchases the right to delay the payment until some future date. [2]